.
.
.
EXHIBIT 4.1
YEAR 2007 PERFORMANCE CONTRACT WITH MANAGEMENT OF PETROCHINA COMPANY LIMITED
------------------------------------------------------------------------------------------------------------------------------------
Offeree: Name: ▇▇▇▇▇, ▇▇▇▇▇▇ Offeror: Name: ▇▇▇▇, ▇▇▇▇ Term of the Contract: January 1, 2007 to
December 31, 2007
Title: President of PetroChina Company Title: Chairman of the Board of
Limited ("PetroChina") Directors of PetroChina Date of Execution:
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
INDICES KEY PERFORMANCE INDICES WEIGHT (%) MEASUREMENT TARGET ACTUAL
(KPI) PERFORMANCE
------------------------------------------------------------------------------------------------------------------------------------
Profits Indices Rate of return of the 35 % 14.7
invested capital of
PetroChina (ROIC)
Net income of PetroChina 20 In 100 million RMB 1078.6
(NI)
Free cash flow of 15
PetroChina (FCF) In 100 million RMB -56.2
------------------------------------------------------------------------------------------------------------------------------------
Operating Indices Rate of reserves 10 % 100
replacement
------------------------------------------------------------------------------------------------------------------------------------
Unit operating cost for 5 US$/barrel 6.68
crude oil pipelines
------------------------------------------------------------------------------------------------------------------------------------
Cash processing cost for oil 5 RMB/ton 114.1
------------------------------------------------------------------------------------------------------------------------------------
Cash marketing cost for oil 5 RMB/ton 215.0 (for wholesale)
145.0 (for retail)
------------------------------------------------------------------------------------------------------------------------------------
Gap between the actual 5 % +/- 5
capital expenditure and
budget
------------------------------------------------------------------------------------------------------------------------------------
Indices to be Put Quality safety and accidents involving death <= 0.04 persons/million Comprehensive
under Control environmental protection man-hours; performance
extraordinary quality accidents capturing the attention expressed in marks
of the public= 0; and to be increased by
no extraordinarily serious safety or environmental 5 marks if
accidents. achieving the
target of the index
put under control,
and to be reduced
by 5 marks if
failing to achieve
the target of the
index put under
control.
------------------------------------------------------------------------------------------------------------------------------------
Signature of Offeree: Signature of Offeror:
